Micron Stock Slides Despite $220 Billion AI Spending: Is MU Undervalued?

Micron stock slides again this week, and it is not just profit taking after a wild run. Shares closed down 5.9% at $823.03 on Friday, giving back a good chunk of Thursday’s 18% jump, right as interest rate worries came roaring back into the conversation. A broader stock forecast question sits underneath all of this, along with a debate over the current Micron stock price and whether the stock stays undervalued even now.

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Why Micron Stock Slides After A Big Rally

The drop really comes down to three Federal Reserve policymakers, the ones who dissented against holding rates steady, explaining out loud why they still think the Fed should raise rates. Higher rates tend to squeeze both consumer spending and corporate spending, and that eventually trickles down into Micron’s own sales numbers too. Big run ups like Thursday’s 18% surge tend to invite exactly this kind of pullback, and that left the stock open to profit taking on Friday. It has been a genuinely volatile stretch, and plenty of investors still aren’t sure how long this memory boom can keep going.

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